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Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.
The historical rank and industry rank for Kimbell Royalty Partners LP's Reserve Replacement Ratio % or its related term are showing as below:
The historical data trend for Kimbell Royalty Partners LP's Reserve Replacement Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kimbell Royalty Partners LP Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
Kimbell Royalty Partners LPQuarterly Data | |||||||||||||||||||||||||||||||||||||||
Trend | Mar18 | Jun18 | Sep18 | Mar19 | Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Mar21 | Jun21 | Sep21 | Mar22 | Jun22 | Sep22 | Mar23 | Jun23 | Sep23 | Dec23 | ||||||||||||||||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
For the Oil & Gas E&P subindustry, Kimbell Royalty Partners LP's Reserve Replacement Ratio %, along with its competitors' market caps and Reserve Replacement Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kimbell Royalty Partners LP (NYSE:KRP) Reserve Replacement Ratio % Explanation
Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.
According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.
This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.
Thank you for viewing the detailed overview of Kimbell Royalty Partners LP's Reserve Replacement Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
T Scott Martin | director | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Blayne Rhynsburger | officer: Controller | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Mitch S. Wynne | director | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Mb Minerals, L.p. | 10 percent owner | 800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401 |
Sabalo Midland Basin, Inc. | 10 percent owner | 800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401 |
Encap Energy Capital Fund Ix, L.p. | 10 percent owner | 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024 |
Erik B Daugbjerg | director | 3141 HOOD STREET, SUITE 500, DALLAS TX 75219 |
Brett G. Taylor | director | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Pep I Holdings, Llc | 10 percent owner | C/O ENCAP INVESTMENTS L.P., 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002 |
Kkr Upstream Associates Llc | 10 percent owner | C/O KKR, 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Kkr Group Partnership L.p. | 10 percent owner | C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001 |
Robert D. Ravnaas | director, officer: Chief Executive Officer | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Peter Alcorn | officer: Vice President-Land | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Matthew S. Daly | officer: Senior V.P.-Corp. Development | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
Robert Davis Ravnaas | officer: President and CFO | 777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102 |
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